Ag Growth International Full Year 2023 Earnings: EPS: CA$3.63 (vs CA$2.68 loss in FY 2022)
Ag Growth International (TSE:AFN) Full Year 2023 Results
Key Financial Results
Revenue: CA$1.53b (up 4.7% from FY 2022).
Net income: CA$68.9m (up from CA$50.6m loss in FY 2022).
Profit margin: 4.5% (up from net loss in FY 2022). The move to profitability was primarily driven by higher revenue.
EPS: CA$3.63 (up from CA$2.68 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ag Growth International Earnings Insights
Looking ahead, revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Machinery industry in Canada.
Performance of the Canadian Machinery industry.
The company's shares are up 6.9% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Ag Growth International that you should be aware of.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
